Net profit of UBS Group AG in January-March increased by 19% and reached $2.14 bln. Analysts expected the figure to amount to $1.79 bln, as reported in the bank’s press release. The bank’s operating profit increased by 8% to $9.36 billion, operating expenses increased by 4% to $6.63 billion. Thus, the ratio of expenses to […]

The Russian stock market started today’s trading in the major on the back of improving external conditions. The MosBirch index rose by 0.47% to 2196.42 points. The RTS index rose by 0.89% to 949.45 points by 10:01 Moscow time. Stock indices in Asia are mostly growing during trading on Tuesday. Yesterday’s trading American stock indices […]

Founder of social network Twitter (NYSE:TWTR) Jack Dorsey thanked billionaire Ilon Musk, who previously agreed to buy 100% of the service for $44 billion. Dorsey shared his opinion on the deal on his Twitter account. “Twitter as a company has always been my only problem and my biggest regret. It was owned by Wall Street […]

The daily increase in new cases of coronavirus infection in the Russian Federation amounted to 7 thousand 107 cases, 3 thousand 161 people were hospitalized over the day (an increase of 184.3% compared to the previous day), 176 patients with COVID-19 died, follows from the data of the operational headquarters, released on Tuesday. An increase […]

The first 500 Tajik citizens will be sent to the United Kingdom this year for seasonal work, Tajikistan’s National News Agency (NIAT) Khovar reported Tuesday. Diyor Normatov, director of the “Pre-departure Consultation and Training Center for Migrant Workers” in Dushanbe city, told the agency that 60 applicants are already preparing documents for agricultural work, including […]

The Finnish concern Valio announced the completion of negotiations with Velcom Group, which will become the new owner of its Russian assets. As part of the deal, Velcom will take over the plant for the production of processed and semi-hard cheese in Ershovo, Odintsovo District, Moscow Region, and the rights to the Viola brand, RBC […]

The Coca-Cola Co (NYSE: KO) posted quarterly earnings that beat analysts’ expectations. This is due to consumers drinking more of its namesake sodas, Powerade sports drinks and Costa coffee. Net income in Q1 was $2.78 billion, or $0.64 per share, compared to $2.25 billion, or $0.52 per share, a year earlier. Net sales rose 16% […]

Billionaire Jeff Bezos has suggested that China could gain influence over Twitter (NYSE:TWTR) with the purchase of the company by Tesla (NASDAQ:TSLA) CEO Ilon Musk, hinting at Musk’s business ties to China, where Tesla’s Shanghai plant is located, CNBC writes. Since Musk’s company relies heavily on Chinese supplier firms for the materials used to make […]

Alfa-Bank has allowed to transfer all assets from client’s IIS to another broker, follows from the information on the official website of the credit organization. “You can transfer all assets from the IIS to another broker and retain tax benefits,” says the FAQ on the bank’s website. To do this, you need to open an […]

VK Group will develop a domestic app store, said the head of the Ministry of Digital Media Maksut Shadaev on air of the TV channel “Russia 24”. Earlier, Prime Minister Mikhail Mishustin instructed to create an analog of the App Store and Google Play by June 1. “In the world there is a practice of […]

The Polish Interior Ministry has introduced restrictive measures against dozens of Russian individuals and legal entities. This is stated on the government website of the country. Under the sanctions fell 15 individuals, including the founder of Wildberries Tatyana Bakalchuk, businessman Oleg Deripaska and others. Among the legal entities 35 names, in particular Wildberries, Gazprom, KamAZ, […]

BMW Group and Audi have suspended shipments of cars by rail from Germany to China. Nikkei Asia reported that. “Due to the current geopolitical situation, our rail transportation along the Silk Road and the Trans-Siberian Railway has been temporarily replaced by alternative routes,” BMW’s press office said. According to the statement, vehicles for China and […]

“Gazprom has completely suspended gas supplies to Bulgargaz (Bulgaria) and PGNiG (Poland) due to non-payment in rubles, the Russian company said. “As of the end of the working day on April 26, Gazprom Export had not received payments for gas supplies in April from these companies Bulgargaz (Bulgaria) and PGNiG (Poland) in rubles, in accordance […]

Chinese President Xi Jinping is demanding that officials take care to ensure that China’s GDP growth rate this year surpasses that of the United States, despite the adverse effects of another COVID-19 outbreak in the country, The Wall Street Journal reported, citing knowledgeable sources. The sources said that in meetings with economic and finance chiefs […]

U.S. stock indices ended trading on Tuesday with a sharp decline. The value of the Nasdaq Composite index fell to its lowest level since December 2020, according to FactSet data. Traders are pressured by factors such as a coronavirus outbreak in China, rising inflation rates and the prospect of rate hikes by the world’s central […]

Revenue of the largest U.S. automaker General Motors in the first quarter of 2022 by 11% to $35.98 billion, compared to $32.47 billion in the same period of the previous year. GM said in a press release that its net income in the January-March period fell 4% to $2.9 billion, or $1.35 per share, compared […]

The spot price of gas in Europe at the opening of trading on Wednesday jumped by a quarter to above $1300 per thousand cubic meters after Bulgaria and Poland refused to pay Gazprom for supplies in rubles, which caused an automatic suspension of supplies. By refusing supplies from the East, such players will drive up […]

As of 10:30 Moscow time, the MosBirch index rose by 61 points (2.631%) compared to the close of the previous trading day and amounts to 2379.46 points. As of 10:30 Moscow time, the RTS index was up 26.54 points (2.654%) compared to the close of the previous trading day and stands at 1,026.38 points. Trading […]